Hour Loop, Inc. (NASDAQ:HOUR – Get Free Report) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 12,256 shares, a decrease of 36.2% from the August 31st total of 19,206 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 8,477 shares, the days-to-cover ratio is currently 1.4 days.
Hour Loop Stock Down 0.3%
Hour Loop stock opened at $1.96 on Thursday. The company has a 50 day moving average of $1.85 and a 200-day moving average of $1.93. Hour Loop has a twelve month low of $1.67 and a twelve month high of $3.18. The stock has a market capitalization of $68.82 million, a PE ratio of 48.89 and a beta of 1.38.
Hour Loop (NASDAQ:HOUR – Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. The firm had revenue of $33.94 million for the quarter, compared to the consensus estimate of $29.66 million. Hour Loop had a return on equity of 22.31% and a net margin of 1.14%.
Analyst Upgrades and Downgrades
About Hour Loop
Hour Loop, Inc is an e-commerce company that sells consumer products through online marketplaces and digital retail channels. Its merchandise spans categories such as home and garden, kitchen and dining, toys and games, apparel and accessories, beauty and personal care, electronics, and office products.
The company’s business model includes sourcing, merchandising, marketing and distributing products through platforms such as Amazon and other third-party online marketplaces. Hour Loop serves customers primarily in the United States through its online sales operations.
Hour Loop was established as an online retail business and became a publicly traded company on the Nasdaq under the symbol HOUR.
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